The recent downshift in estimates for US economic output in the first quarter persists, based on the revised median nowcast for a set of analytics compiled by CapitalSpectator.com. The sluggish median estimate for next month’s release of the official Q1 GDP report suggests that the economy will continue growing in the first three months of 2025, but the slide in the past few weeks highlights an increased vulnerability in Q2 and beyond.
Daily Archives: March 18, 2025
Macro Briefing: 18 March 2025
US retail sales rebound less than expected in Feburary. The 0.2% rise last month marks a modest recovery from January’s steep decline. “Not a great report, but one still in positive territory despite how pessimistic consumers are about the future,” said Robert Frick, corporate economist at Navy Federal Credit Union. “But the main factor in consumer spending is consumer income, and that’s growing at a good rate and had an impressive leap in January.”
